Kenya Equity Markets | 2 Sep 2015: Nairobi equity tradings back to red, investors give up US$82 million

Nairobi, Kenya, Capital Markets in Africa — Equity trading on the Nairobi Securities Exchange returned back to the negative region. The  equity market capitalization ended at KES 2,001 billion after losing KES 8.5 billion (c.US$82 million) or 0.42 percent from the market capitalization of KES 2,101 billion recorded at previous trading session.

The Nairobi All Share Index declined by 0.60 points or 0.42 percent to end at 142.52 points and the Nairobi Securities Exchange (NSE20) index sagged by 26.13 points or 0.63 percent to close at 4,127.08 points. The FTSE NSE 15 index and FTSE NSE 25 remained flat at 184.23 and at 183.59 points respectively.

Look at today’s market activities, volume of shares traded shot up 89.85 percent to close at 19.26 million and the total turnover also went up 73.13 percent to close at KES 633.48 million. In term of investor types, foreign buys stood at 79.09 percent of total turnover, while foreign sales stood at 54.62 percent of total turnover.

East Africa Breweries Limited was the largest mover of the day with a turnover of KES 188.759 million representing about 30 percent of the total market turnover. Other most actively traded stocks were Centum Investment Limited recorded KES 68.391 million; SAFARICOM had KES 64.704 million, British-American Investment registered KES 58.263 million and Co-operative Bank ended with a turnover of KES 55.582 million.

From the market movers and shakers, today’s price mover was Umeme Limited emerged as the top gainer after advancing by 10.00 percent to end the day at KES 19.25 after investors bought and sold 100 shares. East Africa Cable surged by 8.97 percent to close the day at KES 12.15. Standard Group soared by 8.70 percent to settle at KES 37.50. Similarly, WPP Scangroup Limited rose by 6.45 percent to end at KES 33.00 and TPS SERENA ended at KES 32.00 by gaining 5.79 percent.

 On the contrary, British-American Tobacco emerged ended as the top loser after losing by 8.23 percent to end the day at KES 691.00. Eveready East Africa Limited concluded at KES 7.81 by crashing by 2.95 percent and Jubilee Holdings Limited slid by 7.41 percent to trade at KES 500.00. Sameer Africa Limited also somersaulted by 6.70 percent to close at KES 4.05 and Kapochorua declined by 6.74 percent with a closing price of KES 180.00.

On foreign exchange market front, the Kenyan Shilling continued to weak against US dollar to trade at KES 104.23 after depreciating by 0.26 percent and rose by 0.34 percent to end at KES 159.58 against British pound. Kenyan Shillings also lost 0.42 percent against the Euro to close at KES 117.64 but surged by 0.84 percent against South African rand to trade at KES 7.78.